Diversified Trust Co Increases Holdings in Wix.com Ltd. (NASDAQ:WIX)

Diversified Trust Co raised its stake in Wix.com Ltd. (NASDAQ:WIX) by 30.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,894 shares of the information services provider’s stock after buying an additional 5,076 shares during the quarter. Diversified Trust Co’s holdings in Wix.com were worth $3,010,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. HighMark Wealth Management LLC acquired a new position in shares of Wix.com in the 4th quarter valued at $26,000. Northwest Bank & Trust Co purchased a new position in Wix.com during the fourth quarter worth about $26,000. Principal Securities Inc. acquired a new stake in shares of Wix.com during the fourth quarter valued at about $93,000. Optimist Retirement Group LLC purchased a new stake in shares of Wix.com in the 4th quarter valued at approximately $201,000. Finally, Algert Global LLC acquired a new position in shares of Wix.com in the 3rd quarter worth approximately $214,000. 81.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WIX has been the topic of a number of research analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $160.00 target price on shares of Wix.com in a research report on Monday, May 20th. Jefferies Financial Group increased their target price on Wix.com from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, May 20th. Piper Sandler downgraded Wix.com from an “overweight” rating to a “neutral” rating and lifted their target price for the company from $165.00 to $184.00 in a research report on Tuesday, May 21st. JMP Securities increased their price target on shares of Wix.com from $150.00 to $180.00 and gave the stock a “market outperform” rating in a research report on Tuesday, May 21st. Finally, Citigroup lifted their price objective on shares of Wix.com from $175.00 to $202.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $175.59.

Wix.com Stock Down 1.1 %

Shares of Wix.com stock opened at $157.32 on Tuesday. Wix.com Ltd. has a 52 week low of $75.09 and a 52 week high of $178.65. The firm’s 50 day moving average is $149.21 and its two-hundred day moving average is $136.68. The firm has a market capitalization of $8.99 billion, a P/E ratio of 138.00, a P/E/G ratio of 3.76 and a beta of 1.47.

Wix.com (NASDAQ:WIX) last posted its earnings results on Monday, May 20th. The information services provider reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.18. Wix.com had a net margin of 4.20% and a negative return on equity of 59.67%. The firm had revenue of $419.78 million for the quarter, compared to the consensus estimate of $417.71 million. As a group, research analysts expect that Wix.com Ltd. will post 1.91 earnings per share for the current fiscal year.

Wix.com Company Profile

Wix.com Ltd., together with its subsidiaries, operates as a cloud-based web development platform for registered users and creators worldwide. The company offers Wix Editor, a drag-and-drop visual development and website editing environment platform; and Wix ADI that enables users to have the freedom of customization that the classic editor offers.